KLIPSCH HERITAGE MUSEUM ASSOCIATION INC (EIN 813115229) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

Richard Groves

Phone

8337945287

Tax Period

2024-07-01 to 2025-06-30

KLIPSCH HERITAGE MUSEUM ASSOCIATION INC, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $57K in total revenue in fiscal year 2019. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $447K represent 93 months of operating reserves.

Mission

TO RESTORE, PRESERVE, AND DISPLAY KLIPSCH-RELATED ARTIFACTS AND ARCHIVAL MATERIALS FOR HISTORIC PURPOSES, CONDUCT HISTORICAL RESEARCH, AND HOST EDUCATIONAL ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,010

Program Service Revenue $59,586

Investment Income $5

Other Revenue $96

TOTAL REVENUE $96,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,585

Fundraising Expenses $0

Program Expenses $97,100

Other Expenses $75,515

TOTAL EXPENSES $97,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,697	$79,097	+0.2%
Expenses	$97,100	$81,120	+0.2%
Net Income	$-403	$-2,023	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacey Atchison	Treasurer	5.00	Officer Director	$0	$0	$0
Denise Cooper	Secretary	5.00	Officer Director	$0	$0	$0
Roy Delgado	Chairman	5.00	Officer Director	$0	$0	$0
Paul Jacobs	Trustee	5.00	Director	$0	$0	$0
Ian Moore	Asst Curator	5.00	Director	$0	$0	$0
Matt Sommers	Trustee	5.00	Director	$0	$0	$0
Travis Williamson	Trustee	5.00	Director	$0	$0	$0
Darren Anderson	Vice Chairman	0.00	Director	$0	$0	$0
Bill Hendrix	Trustee	0.00	Director	$0	$0	$0
Tim Cooper	Trustee	0.00	Director	$0	$0	$0
Mark Ross	Trustee	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$96,697	$97,100	$631,959	$-403
2024	$79,097	$81,120	$561,743	$-2,023
2023	$68,744	$131,132	$569,485	$-62,388
2022	$156,802	$88,646	$637,642	$68,156
2021	$101,112	$43,398	$575,724	$57,714
2020	$57,429	$57,838	$527,427	$-409

KLIPSCH HERITAGE MUSEUM ASSOCIATION INC